AI Retirement Plan Generator

A common rule of thumb is to save 10-15 times your annual salary by retirement age. If you earn $100,000, aim for $1-1.5 million. However, the right number depends on your desired lifestyle, expected Social Security benefits, healthcare costs, and retirement duration. Our generator calculates a personalized target based on your specific goals and accounts for inflation to show what you need in future dollars.

The 4% rule suggests withdrawing 4% of your portfolio in the first year of retirement, then adjusting for inflation annually. A $1 million portfolio would support roughly $40,000 per year. This rule aims to make your money last 30 years. However, market conditions, spending needs, and longevity can all affect whether 4% is too aggressive or too conservative for your specific situation.

A common guideline is to hold your age in bonds and the remainder in stocks — so a 30-year-old would have 70% stocks and 30% bonds. Modern approaches suggest being more aggressive early (80-90% stocks) and gradually shifting toward bonds and conservative investments as retirement approaches. Our plan provides decade-by-decade allocation recommendations tailored to your timeline and risk tolerance.

First, contribute enough to your 401k to capture the full employer match — this is essentially a guaranteed return on your money. After maximizing the match, consider a Roth IRA for tax-free growth and withdrawals (income limits apply). If you still have savings capacity, maximize your 401k contributions. Each account type has different tax advantages, and the optimal strategy depends on your current and expected future tax situation.

If you are behind, catch-up contributions (additional amounts allowed for those 50 and older) can help. Consider increasing your savings rate by 1% each year, delaying retirement by even 2-3 years (which adds saving years and reduces withdrawal years), exploring tax-advantaged accounts, and reducing expenses now to boost savings. Our plan shows the impact of different strategies so you can find a realistic path forward.